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Associated CeramicsBOM:531168 63 Return-on-Tangible-Equity is -2.96% as of Mar. 2026. GuruFocus rates BOM:531168 with a GF Score™ of 63/100 and a GF Value™ of ₹227.94 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 397 Building Materials companies, Associated Ceramics ranks better than 61.96% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Associated Ceramics's annualized net income for the quarter that ended in Mar. 2026 was ₹-7.6 Mil. Associated Ceramics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹257.3 Mil. Therefore, Associated Ceramics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -2.96%.
The historical rank and industry rank for Associated Ceramics's Return-on-Tangible-Equity or its related term are showing as below:
BOM:531168'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.41 Med: 12.1 Max: 23.5
Current: 8.29
During the past 13 years, Associated Ceramics's highest Return-on-Tangible-Equity was 23.50%. The lowest was -20.41%. And the median was 12.10%.
BOM:531168's Return-on-Tangible-Equity is ranked better than 61.96% of 397
companies
in the Building Materials industry
Industry Median: 5.06
vs BOM:531168: 8.29
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Associated Ceramics Return-on-Tangible-Equity Related Terms
Associated Ceramics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Associated Ceramics's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:531168 vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, Associated Ceramics's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Associated Ceramics Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Associated Ceramics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Associated Ceramics's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -2.96% mean?
Associated Ceramics (BOM:531168) has a Return-on-Tangible-Equity of -2.96% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Associated Ceramics and its competitors. According to the industry distribution chart, Associated Ceramics ranks #151 out of 397 companies in the Building Materials industry, placing it in the top 38%.
Is Associated Ceramics' Return-on-Tangible-Equity too high?
Associated Ceramics' current Return-on-Tangible-Equity is -2.96%. Based on the distribution chart, Associated Ceramics ranks #151 out of 397 companies in the Building Materials industry, which is above the industry midpoint. Overall, Associated Ceramics has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Associated Ceramics' Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Associated Ceramics ranks #151 out of 397 companies for Return-on-Tangible-Equity. This puts Associated Ceramics in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.06. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.06, based on 397 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Associated Ceramics and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Ceramics's current Return-on-Tangible-Equity is -2.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Ceramics stock overvalued right now?
Based on GuruFocus' analysis, Associated Ceramics (BOM:531168) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹227.94, compared to a current price of ₹171.80 — trading 24.6% below its estimated fair value. The current Return-on-Tangible-Equity is -2.96%. Associated Ceramics' overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Associated Ceramics (BOM:531168), the current Return-on-Tangible-Equity is -2.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Associated Ceramics (BOM:531168) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Ceramics stock appears to be undervalued.
The current stock price of ₹171.80 is trading 24.6% below its estimated GF Value™ of ₹227.94.
GuruFocus considers Associated Ceramics to be Modestly Undervalued.
Key valuation signals for BOM:531168:
Return-on-Tangible-Equity: -2.96%
GF Value™: ₹227.94 vs. price of ₹171.80 (24.6% below fair value)
No single metric tells the full story. See the BOM:531168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Ceramics Ltd is mainly engaged in the manufacture and sale of refractory items. The company is involved in refractory and pottery work, the buying and selling of minerals and mineral products, and trading in cement, lime, and stone. It operates in two segments: refractory items and solar energy. The majority of its revenue comes from refractory items.
63GF Score
Get the complete analysis for BOM:531168
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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